Deals of the day-Mergers and acquisitions

Estia Health

07/06/2023 10:50

June 7 (Reuters) - The following bids, mergers,
acquisitions and disposals were reported by 0930 GMT on
Wednesday:

    ** Vodafone VOD.L and CK Hutchison  0001.HK  are in the
final stages of agreeing to merge their British operations, with
a long-awaited announcement expected as soon as Friday or early
next week, three sources have told Reuters.  urn:newsml:reuters.com:*:nL8N37Z1B8

    ** Private equity firm Hillhouse Capital Group has offered
to make concessions in its purchase of Australian medical
researcher George Clinical to gain regulatory approval after an
unusually long review, said two people with knowledge of the
matter.  urn:newsml:reuters.com:*:nL4N37Q1TE
    
    ** Australia's Estia Health  EHE.AX  said it intended to
back Bain Capital's sweetened takeover offer that valued the
aged-care provider at A$826.8 million ($552.05 million), sending
its shares about 19% higher to a near five-year peak.
 urn:newsml:reuters.com:*:nL4N37Z00G
    
    ** New Zealand's infrastructure investor Infratil  IFT.NZ 
said  it will acquire Canada's Brookfield Asset Management's
 BAM.TO  stake in One New Zealand for NZ$1.8 billion ($1.1
billion) to strengthen its digital and renewable portfolio.
 urn:newsml:reuters.com:*:nL1N37Y334
    
    ** Teck Resources  TECKb.TO  said on Tuesday it has received
several proposals for its steelmaking coal business, without
revealing if one included a revised offer from Swiss trading and
mining firm Glencore  GLEN.L  which launched its takeover bid
for the Canadian miner over two months ago.  urn:newsml:reuters.com:*:nL4N37Y34N

 (Compiled by Rajarshi Roy and Pratyush Thakur in Bengaluru)
 ((Rajarshi.Roy@thomsonreuters.com;
pratyush.thakur@thomsonreuters.com))